Industry News

ServisFirst Bancshares is quickly moving up in the Alabama market, according to a new report from the Federal Deposit Insurance Corp.. Rocket Hatch is gearing up for its next round of CO.STARTERS, a program that helps aspiring entrepreneurs put their ideas into action."/>
ServisFirst growth, Wooden Goat closure, Planet Fitness top business news [Alabama Media Group, Birmingham]
Bank of America, Red Stripe restaurant and Books on the Square."/>
BRIEF: Celtics co-owner's firm pays $4.65M for buildings in Wayland Square [The Providence Journal, R.I.]
NATIONAL STORAGE AFFILIATES TRUST JV CLOSES USD 630 M ISTORAGE PORTFOLIO US-based self-storage REIT National Storage Affiliates Trust's joint venture with a major state pension fund completed the acquisition of the iStorage portfolio for an aggregate purchase price of approximately USD 630 m, the company said. The portfolio consists of 66 properties containing approximately 4.5 m rentable..."/>
M and A Navigator: Deal pipeline –7 October
Alleghany Capital Corp.' s Bourn and Koch, Inc. subsidiary has acquired US-based manufacturer Diamond Technology Innovations, Inc., the firm said. Terms of the deal were not disclosed. Headquartered inOlympia, Washington, DTI is a manufacturer of waterjet orifices and nozzles as well as related products."/>
Bourn and Koch Acquires US Manufacturer Diamond Technology Innovations
Main Street Capital Corp has fully exited its debt and equity investments in Houston, Texas-based aluminium trailer maker Travis Acquisition LLC after selling it to a private equity-backed strategic acquirer, the company said. Main Street realized a gain of approximately USD 17.9 m on the exit. Its initial investment consisted of a USD 9.2 m first lien, senior secured debt investment and a USD 7.1 m direct equity investment."/>
Main Street Sells Interest in Aluminium Trailer Maker Travis Acquistion
Georgetown Bancorp, Inc. and its subsidiary Georgetown Bank, in an all cash transaction valued at approximately USD 49.2 m, the company said. This merger is expected to close during 1 Q17. The respective boards of each parent company have unanimously approved the transaction."/>
Salem Five Bancorp to Acquire Georgetown Bancorp for USD 49.2m
CIT Group Inc., the company said. Avolon will pay USD 10.0 bn for USD 9.4 bn of net asset value as of 30 Jun 2016, which represents a premium of 6.7%. It will acquire total assets as of 30 June 2016 of USD 11.1 bn and associated liabilities."/>
Avolon to Acquire Aircraft Leasing Business of CIT Group for USD 10bn
Ameriprise Financial, a financial services company, has opened a Baltimore office in the Legg Mason Tower. The 5,000- square-foot space at 100 International Dr. will house a growing team of advisers and support staff, including Clipper City Capital, a private wealth equity advisory practice of Ameriprise Financial Services, Inc.. "Ameriprise is building on its momentum in the Baltimore market, attracting new financial advisors with all we have to offer in terms of support,..."/>
BRIEF: Ameriprise Financial opens office in Legg Mason Tower [The Baltimore Sun]
Triumph Bancorp, Inc. today announced that it expects to release its 2016 third quarter financial results October 26, 2016 after the close of business. Upon filing, the financial results will be available on the Company’ s website at through the Investor Relations portal.. Aaron P. Graft, Vice Chairman and CEO, and Bryce Fowler, CFO, will review the quarterly results in a conference call for investors and analysts beginning at 8:30 a.m...."/>
Triumph Bancorp Announces Schedule for Third Quarter 2016 Earnings Release and Conference Call
Sunshine Bancorp, Inc. and FBC Bancorp, Inc. under which Sunshine will acquire FBC and its Florida Bank of Commerce holding in an all-stock merger transaction valued at approximately USD 40 m, the companies said. Regulatory approvals for the merger from the Federal Reserve Bank are pending, and the companies anticipate a closing sometime around the..."/>
Federal Banking Regulator Clears Sunshine Bancorp to Acquire Florida Bank of Commerce
Bank of America on Thursday said Andy Sieg will become the new head of its Merrill Lynch brokerage unit, effective Jan. 1. The business, acquired by Bank of America in 2009, manages stock, bond and other investments for wealthy clients."/>
Bank of America names new leader for Merrill Lynch brokerage unit [The Charlotte Observer]
Bank of America in recent weeks has been asking tenants if they would be willing to leave the bank's uptown headquarters before their leases are up as the company looks to use the space itself, multiple sources have told the Observer. The request means tenants could face a potentially disruptive move and lose a prestigious address in the city's tallest office building. The bank has also asked tenants in neighboring 1 Bank of America Center if they would be willing to leave,..."/>
Bank of America looking to bump tenants from its uptown headquarters, sources say [The Charlotte Observer]
Stellus Capital Investment Corporation will release its financial results for the quarter ended September 30, 2016 on Thursday, November 3, 2016, after the market closes. Stellus Capital Investment Corporation will host a conference call to discuss these results on November 4, 2016, at 10:00 a.m. Central Daylight Time. The conference call will be led by Robert T. Ladd, chief executive officer, and W. Todd Huskinson, chief financial officer, chief..."/>
Stellus Capital Investment Corporation to Report Third Quarter 2016 Financial Results and Hold Conference Call
JB Schwiers Named President & CEO of GrandSouth Bank
ServisFirst Bancshares is quickly moving up in the Alabama market, according to a new report from the Federal Deposit Insurance Corp.. Each year, the FDIC releases a state-by-state report of deposits by institution. The top banks by deposits-- Regions, BBVA Compass and Wells Fargo-- remained unmoved, but ServisFirst Bank moved from the sixth-largest market share last year to the fourth-largest market share this year."/>
BRIEF: Alabama's biggest banks: three of top four are local [Alabama Media Group, Birmingham]

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Most Popular Sectors in the News
Sectors Articles in the last 7 days
Information Technology806 Articles
Consumer Discretionary720 Articles
Financials668 Articles
Industrials456 Articles
Health Care452 Articles

Sponsored Financial Commentaries

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact , please visit . Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at